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Musk’s robot army, East Wing payoffs vs. NBA scandals, and Benioff the Protector
Description
Story of the Week (DR):
Citi’s Jane Fraser consolidates power with board chair vote — and a $25 million-plus bonus to boot
a one-time equity award (the Award), consisting of Restricted Stock Units (RSUs) with a grant date value of $25 million and 1.055 million Citigroup stock options
the Compensation, Performance Management and Culture Committee
Duncan P. Hennes (Chair)*
Peter B. Henry*
Other directorships: Nike, Inc., Analog Devices, Inc., National Bureau of Economic Research (Board), The Economic Club of New York (Board), Protiviti (Advisory Board), Biospring Partners (Advisory Board), Makena Capital (Advisory Board), and Two Bridges Football Club (Board)
Renée J. James
Other directorships: Oracle Corporation, Sabre Corporation, Vodafone Group Plc, President’s National Security Telecommunications Advisory Committee (Member and Prior Chair), and University of Oregon (Trustee)
Gary M. Reiner*
Diana L. Taylor*
Other directorships: Brookfield Corporation, Accion (Chair), Columbia Business School (Board of Overseers),Friends of Hudson River Park (Chair), Mailman School of Public Health (Board of Overseers), The Economic Club of New York (Member), Council on Foreign Relations (Member), Hot Bread Kitchen (Board Chair), Cold Spring Harbor Lab (Member), and New York City Ballet (Board Chair)
Casper W. von Koskull
Committee Meetings in 2024: 15
Citi elected CEO Jane Fraser as Chair
John Dugan, who served as Chair of Citi’s Board since 2019, will become Lead Independent Director
CEO armies MM
Elon Musk Wants ‘Strong Influence’ Over the ‘Robot Army’ He’s Building
In a Tesla earnings call Wednesday, the world’s richest man pondered the future of his company’s Optimus robots—and his control over them.
“If we build this robot army, do I have at least a strong influence over this robot army?” he told investors. “Not control, but a strong influence… I don’t feel comfortable building that robot army unless I have a strong influence.”
His repeated use of the word “army” certainly stands out, suggesting the robot could eventually be used as a weapon. Is Musk consid